16Wall Street Journal Rpt.
been relative ly modest in the u.s. and that's reflected in the jobs number. this is an encouraging month. you never want to make too much out of any one month. >> i was surprised at the numbers. ed, what do you think? >> i think there are good things that each candidate can take out of it. obviously the fact the unemployment rate ticked up to something governor romney will emphasize, higher than when the president took office. that's the headline number. i agree with austan. the fact you had 171,000 jobs this month and i would add it is the trend for the pasten couple of months is higher, about 170,000 for fe the past couple of months and that's a good sign. one thing i would say is while that is better than average, the number of jobs created per month since the turnaround in early 2010 has been 140,000 a month so this is a little better than that. one disadvantage of that is you need 119,000 per month to keep with pace with population growth. a what this means is with 170,000 you are adding 50,000 per month. if you play it out it will take 13 years to make up for the jobs lost du
for being here. they said the u.s. will be the largest global oil producer in 2020. this amazing. tell about the sea change in global energy floes today. >> it is great to have more american-made energy but not good enough. we need to modernize our energy grid. it's not good enough to be the best at producing energy the last century. we will spend a couple trillion dollars modernizing the grid. the question is how we do it. hopefully, we do it in a way that protects us from cybersecurity risks, that makes the grid more resilient from storms, that facilitates energy efficiency and renewable, cleaner energy in the future. >> it's interesting. i think we all want to be energy independent. we want -- and we know the country is rich in natural gas. for the most part people don't want it in my backyard. former ge ceo jack well. compared it to the internet boom in terms of job creation and productivity increases. how do you balance it? how do you balance the economic boom we could see of fracking with the environmental impact? >> look, the economic advantages are obvious. we've created
consumer spending make up two-thirds of the u.s. economy. >>> what will a second term for president obama mean to the economy? will we see compromise or fall over the fiscal cliff? joining me are two former top presidential advisers. laura tyson, chair of the economic advisers then for president clinton and marty feldstein who held the same title under president reagan. laura, marty great to have you on the program. thank you for spending the time today. >> thank you. >> good to be with you. >> marty, both sides appear to be extending an olive branch when with it comes to the fiscal cliff. do you think we will reach a compromise? and if so how and when? >> i hope so. the consequence of not reaching the compromise for the american and world economy next year would be disastrous. we would be talking about a very deep recession if we went over the cliff and didn't quickly bounce back from it. >> laura, you think there is a two-part solution. what do you mean by that? >> we have the fiscal cliff and a need to get a long-run compromise plan on deficit reduction over the next decade. i th
up 70% of the u.s. economy. during the holiday-shortened week the markets moved in tandem for the fiscal cliff. up more midweek. the markets continued to climb on friday. stunning accusations that one of america's iconic companies hewlett-packard which acquired autonomy last year for $11 billion is accusing autonomy of what it called serious improprieties in its bookkeeping and inflating its own value. meg witman says the company lied about how much it was worth. >> we believe there's a willful effort on the part of certain members of autonomy management to mislead shareholders when they were a publicly held companies and mislead buyers including hp and we stand by the forensic review we have seen. as you know, we have turned it over to the fcc. >> we are shocked. we have been pretty ambushed by this today. first we heard about it was a press release and we refute them. they are factually incorrect. we'd like to learn more about them. i'm afraid the details haven't been shared with us. >> reporter: autonomy ceo said the company followed normal accounting practices. hp took an $8.8
Fetching more results